Modernform Group

Modernform Group
Modernform Group
Type Public
Traded as SETMODERN
Industry Consumer Products
Founded Thailand (April 3, 1980 (1980-04-03))[1]
Headquarters Suan Luang, Bangkok, Thailand
Area served Thailand
Key people Thaksa Busayapoka (CEO)
Products Furnitures
Revenue increase BT฿ 574.36 Million (2009)[2]
Operating income increase BT฿ 497.46 Million (2009)[2]
Profit increase BT฿ 302.29 Million (2009)[2]
Total assets increase BT฿ 3.17 Billion (2009)[2]
Total equity increase BT฿ 2.55 Billion (2009)[2]
Employees 2500 (2009)
Subsidiaries Modernform Tower, Modernform Health and Care, Xteria
Website www.modernform.co.th

Modernform Group Public Company Limited (MODERN) is the manufacturer and distributor of home and office furniture based in Thailand.[2] It is listed on the Stock Exchange of Thailand on March 11, 1992 (1992-03-11).

History

Modernform was founded on April 3, 1980 (1980-04-03).[1] In 1978, the company originated as importer and distributor of furniture fittings and accessories from Europe.

In 1980, Modernform started manufacturing and marketing office furniture, and subsequently expanded its business scope to cover residential furniture and kitchen units.

By 1990, Modernform Group consisted of altogether nine business units, which then were restructured and consolidated as one flagship company, Modernform Group.

On March 11, 1992 (1992-03-11), Modernform became a listed company the Stock Exchange of Thailand with 892 million Baht of authorized capital and 832.35 million Baht of registered capital.[1][3]

References

External links